What is OFF?

Object File Format, and about as plain as a mesh can get: a count of vertices and faces, then the vertices and faces. It comes out of academic geometry work, where nobody wanted to parse anything more complicated to test an algorithm.

What is GLB?

Binary glTF - a whole scene in one file, with geometry, materials and textures packed together. It's what web viewers, AR on phones and modern engines load, and it's designed to go from download to on-screen with almost no processing in between.